Intelligent CIO Africa Issue 67 - Page 66

MOVING THE ATLASSIAN STACK TO THE AWS CLOUD HAS ALREADY SHOWN TRUE BENEFIT WITH DOING SUCH A MIGRATION .
INDUSTRY WATCH commitment to its long-standing partnership with Standard Bank .”
Bank of Port Elizabeth , Colesberg Bank , British Kaffrarian Bank and Fauresmith Bank .
Standard Bank of South Africa Limited is a South African financial services group and is Africa ’ s biggest lender by assets . The company ’ s corporate headquarters , Standard Bank Centre , is situated in Simmonds Street , Johannesburg .
The bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank . The bank ’ s origins can be traced to 1862 , when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London , initially under the name Standard Bank of British South Africa . The bank started operations in 1863 in Port Elizabeth , South Africa and soon after opening it merged with several other banks including Commercial

MOVING THE ATLASSIAN STACK TO THE AWS CLOUD HAS ALREADY SHOWN TRUE BENEFIT WITH DOING SUCH A MIGRATION .

The bank was prominent in financing and development of the diamond fields of Kimberle in 1867 . When gold was discovered on theWitwatersrand , the bank expanded northwards and on 11 October 1886 the bank started doing business in a tent at Ferreira ’ s Camp ( later Johannesburg ), thus becoming the first bank to open a branch on the Witwatersrand gold fields . On November 1 , 1901 a second branch was opened in Eloff Street in Johannesburg .
Until 1962 the British bank was formally known as the Standard Bank of South Africa , although by then its operations spread across Africa . When the South African operations were formed into a subsidiary in 1962 , the parent changed its name to Standard Bank Limited , and the South African subsidiary took its parent ’ s previous name .
The parent bank merged in 1969 with Chartered Bank of India , Australia and China and the combined bank became known as Standard Chartered Bank . In the same Standard Bank Investment Corporation ( now Standard Bank Group ) was established as the holding company of the South African bank . During the 1970s and 1980s Standard Chartered gradually reduced its shareholding and sold its remaining 39 % stake in Standard Bank Group in 1987 , transferring complete ownership of the holding company to South African investors and in particular Liberty Life ( and its affiliates ), with the latter being the company ’ s major shareholder until 1999 .
In March 2019 , Standard became the first bank in Africa to shift its operations onto Amazon Web Services .
Synthesis is a true South African success story . The specialist banking financial specialist believes that providing innovative solutions based on emerging technologies will help its clients become globally competitive . Synthesis focuses on banking and financial institutions , retail , media and telecommunications sectors in South Africa and other emerging markets across the continent and beyond .
In 2017 Capital Appreciation Limited , a JSE-listed FinTech company , acquired 100 % of Synthesis . Following the acquisition , Synthesis remains an independent operating entity within the Capital Appreciation Group providing cloud , digital and RegTech services as well as corporate learning solutions through the Synthesis Academy . p
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